Global Net Lease (GNL) Set to Announce Earnings on Tuesday

Global Net Lease (NYSE:GNL) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Global Net Lease Stock Up 0.8 %

Shares of NYSE GNL opened at $7.16 on Monday. Global Net Lease has a 1 year low of $6.52 and a 1 year high of $11.58. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $7.24 and its 200-day simple moving average is $8.24.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.36%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, April 10th. Global Net Lease’s dividend payout ratio is presently -63.58%.

Wall Street Analyst Weigh In

GNL has been the subject of a number of research analyst reports. Truist Financial assumed coverage on shares of Global Net Lease in a research note on Thursday, March 28th. They issued a “hold” rating and a $7.00 price target for the company. JMP Securities restated a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. BMO Capital Markets started coverage on Global Net Lease in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 target price on the stock. Finally, BTIG Research downgraded shares of Global Net Lease from a “buy” rating to a “neutral” rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Global Net Lease has a consensus rating of “Hold” and an average price target of $12.00.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.